Île-de-France, Region In France Where The Capital Paris Is Located
The Île-de-France (, French: [il də fʁɑ̃s] (listen); literally "Isle of France") is the most populous of the eighteen regions of France. Centred on the capital, Paris, it is located in the north-central part of the country and often called the Région Parisienne (pronounced [ʁeʒjɔ̃ paʁizjɛn]; English: Paris Region). Île-de-France is densely populated and retains a prime economic position on the national stage: though it covers only 12,012 square kilometres (4,638 square miles), about 2% of metropolitan French territory, its estimated 2020 population of 12,997,058 was nearly one fifth of the national total; its economy accounts for nearly one third of the French gross domestic product.The region is made up of eight administrative departments: Paris, Essonne, Hauts-de-Seine, Seine-Saint-Denis, Seine-et-Marne, Val-de-Marne, Val-d'Oise and Yvelines. It was created as the "District of the Paris Region" in 1961. In 1976, when its status was aligned with the French administrative regions created in 1972, it was renamed after the historic province of Île-de-France. Residents are sometimes referred to as Franciliens, an administrative word created in the 1980s. The GDP of the region in 2021 was US$984 billion at market exchange rates. The Paris region is Europe's richest region with a GDP (PPP) at over $1 trillion, ahead of North Rhine-Westphalia in Germany and Greater London in the United Kingdom. It has the highest per capita GDP of any French region and the third highest of any region in the European Union. The Île-de-France region alone accounts for 5% of the European Union's GDP, for only about 2.7% of the Union's population. In 2018, nearly all of the twenty-eight French companies listed in the Fortune Global 500 were based in the Île-de-France.Beyond the city limits of Paris, the region has many other important historic sites, including the palaces of Versailles and Fontainebleau, as well as the most-visited tourist attraction in France, Disneyland Paris. Though it is the richest French region, a significant number of residents live in poverty: the official poverty rate in the Île-de-France was 15.9% in 2015. The region has witnessed increasing income inequality in recent decades and rising housing prices have pushed the less affluent outside Paris.